That's a great backup method, which is cheap and easy to recover. It's not very robust though. In the event of a natural disaster, your office is just as likely to be destroyed as your home. Ideally you would have an offsite backup (or two) in a completely different region.
The 'different region' requirement might just depend on different things:
- How far away are your office and home?
- What is your locality?
As an example, I don't live in a place prone to earthquakes or hurricanes, and my office is a 20 ~ 30 min drive from my home. What is the risk that both my office and home are destroyed?
If Toronto is hit by a devastating flood or winter storm, I think it's entirely likely that both your office and home could be impacted. That isn't nearly enough geographic separation to be disaster-ready. You really want to be on different coasts or continents.